Guinness Atkinson Asset Management Inc Sells 2,115 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Guinness Atkinson Asset Management Inc lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,652 shares of the semiconductor company's stock after selling 2,115 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 4.9% of Guinness Atkinson Asset Management Inc's portfolio, making the stock its biggest holding. Guinness Atkinson Asset Management Inc's holdings in Taiwan Semiconductor Manufacturing were worth $9,608,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Private Client Services LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $201,000. Trust Co of the South boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 232.8% in the fourth quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company's stock valued at $1,752,000 after purchasing an additional 6,204 shares during the period. Headwater Capital Co Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $49,372,000. NRI Wealth Management LC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $1,545,000. Finally, FNY Investment Advisers LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 194.2% in the 4th quarter. FNY Investment Advisers LLC now owns 16,115 shares of the semiconductor company's stock worth $3,182,000 after purchasing an additional 10,637 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $3.27 during mid-day trading on Monday, hitting $211.52. The stock had a trading volume of 21,549,070 shares, compared to its average volume of 11,245,926. The company has a 50 day moving average of $198.02 and a two-hundred day moving average of $184.52. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $109.48 and a twelve month high of $222.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market cap of $1.10 trillion, a PE ratio of 33.90, a PEG ratio of 0.76 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.77%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.